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Report: Furman to replace Krueger as top WH economic adviser

Sources from the business community told The Hill they are hearing that the nomination is in the works.

Krueger has reportedly decided to head back to teach at Princeton University in September, where he has tenure.

Furman spent some time in front of the cameras in February warning about the effects of the $80 billion sequester budget cuts on economic growth ahead of their March 1 implementation. He said the effects would get worse over time if the across-the-board spending cuts were left in place.

Furman would need to go through the Senate confirmation process to the Cabinet spot.